So, you’ve decided to take on a hefty home improvement project. Instead of taking out a new loan for every room, a home equity line of credit will allow you to reborrow whenever, similar to a credit card.
If you just purchased your home, odds are you haven’t established equity yet. But, those home improvement projects still need to get done! Instead of racking up a credit card, take out a low interest no-equity home improvement loan.
With just a $1,000 contribution from you, you could realize your ownership dreams.
Contact us today to see if you qualify for funds that can help with down payments, closing costs, and other home ownership expenses.
Funds may only be made available to a “first-time homebuyer,” as defined by HUD HOC reference guide chapter 3, expanded to include recovering victims of catastrophic loss or natural disasters.
Current or retired law enforcement officers, educators, firefighters, other first responders, and health care workers who are first-time homebuyers or non-first-time homebuyers.
First-time or non-first-time veteran homebuyers that are currently serving or have served in any branch of the U.S. military, their spouses, or their surviving spouses. National Guard Reservists are eligible if they have served in active duty or performed services in active duty or were injured in active duty.
First-time or non-first-time veteran homebuyers that are currently serving or have served in an overseas military intervention for any branch of the U.S. military, their spouses, or their surviving spouses. National Guard Reservists are eligible if they have served in the active duty or performed services in active duty or were injured in active duty.
Other eligibility requirements for AHP homeowner assistance products:
Retention Period: 5 years for all purchase products.
Income eligibility: <= 80% of the county area median income or the state median family income, adjusted for the family size as published by HUD, whichever is higher.
AHP homeowner assistance products are available within the United States and its territories through FHLBank Atlanta shareholders.
This is not a complete description of requirements for these products. For a comprehensive listing of requirements, refer to FHLBank Atlanta’s Affordable Housing Program, available on www.fhlbatl.com